Columbia Partners L L C Investment Management maintained its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,209 shares of the company’s stock at the close of the second quarter. Columbia Partners L L C Investment Management’s holdings in Fresh Del Monte Produce were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Fresh Del Monte Produce by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock worth $210,026,000 after purchasing an additional 259,884 shares during the period. BlackRock Inc. boosted its stake in Fresh Del Monte Produce by 1,147.2% in the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after purchasing an additional 2,192,263 shares during the period. LSV Asset Management boosted its stake in Fresh Del Monte Produce by 2.5% in the 2nd quarter. LSV Asset Management now owns 2,169,822 shares of the company’s stock worth $110,465,000 after purchasing an additional 52,300 shares during the period. State Street Corp boosted its stake in Fresh Del Monte Produce by 1.7% in the 1st quarter. State Street Corp now owns 667,104 shares of the company’s stock worth $39,512,000 after purchasing an additional 11,392 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Fresh Del Monte Produce by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock worth $37,279,000 after purchasing an additional 34,900 shares during the period. 66.81% of the stock is owned by hedge funds and other institutional investors.

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Fresh Del Monte Produce, Inc. (FDP) opened at 47.73 on Friday. Fresh Del Monte Produce, Inc. has a 1-year low of $45.32 and a 1-year high of $66.86. The firm has a market capitalization of $2.39 billion, a P/E ratio of 15.18 and a beta of 0.44. The stock’s 50 day moving average is $47.43 and its 200-day moving average is $52.67.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.15). The business had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. Fresh Del Monte Produce’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share. Analysts forecast that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is presently 18.93%.

In other news, SVP Emanuel Lazopoulos sold 2,429 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $115,620.40. Following the completion of the sale, the senior vice president now directly owns 6,175 shares of the company’s stock, valued at $293,930. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mohammed Abbas sold 4,366 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.38, for a total transaction of $206,861.08. Following the sale, the vice president now directly owns 4,366 shares of the company’s stock, valued at $206,861.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,189 shares of company stock valued at $2,692,266. 36.90% of the stock is currently owned by insiders.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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